The Manila Times By Faye Almazan
Cirtek Electronics Corp. looks to expand its production and increase its revenues with two major tier 1 customers for the full turnkey services of their new products, Quad Flat No Leads Package (QFN).
In a statement on Monday, the firm’s holding company, Cirtek Holdings Philippines Corp. (CHPC), said the QFN package is used for high volume products like smartphones, personal computers and laptops.
The firm said the devices are expected to be the main drivers of the global semiconductor industry for the year.
“The company is fortunate to be in an industry that is about to experience a revolutionary boom and we are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” CHPC Vice Chairman Jorge Aguilar was quoted as saying in the statement.
Cirtek added that the second major capacity expansion involves a US-based global semiconductor company focused on gallium nitride high-power transistors and modules for high-voltage power conversion applications.
“The product is for intelligent power modules that will increase efficiency and reliability in energy power system, electric chargers for electric vehicles, power adapters and inverters,” the company explained.
Cirtek sees both businesses contributing an additional volume of production increase by 20 percent.
It also cited the World Semiconductor Trade Statistics, which predicts semiconductor sales to accelerate by 8.4 percent in 2021 to reach a revenue of $469 billion.
Meanwhile, Quintel USA Inc. is expected to release a new line of C-Band antenna family early this year.
This is following a successful auction last year when the US Federal Communications Commission (FCC) released its latest 5G (fifth-generation) spectrum for sale, making available 280 megahertz of prime mid-band frequencies in the 3.7- to 3.98-gighertz range, a portion of the new 5G C-Band.
“Having been focused the entire 2020 on research and development, as well as new product introductions, Quintel is poised to capture the next revolution in telecom and connectivity known as 5G,” Cirtek said.
Cirtek Advanced Technology and Solutions, on the other hand, looks to roll out its 5G chipset for mass production.
Shares of CHPC rose 87 centavos or 11.8 percent to close at P8.24 each on Monday.
Oct 28, 2021
Published by Business World Online
THE Securities and Exchange Commission (SEC) has given Cirtek Holdings Philippines Corp. the go signal to offer as much as P3.5 billion of preferred shares to the public.
“In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at an offer price of P50 per preferred share, with an oversubscription option of up to 20 million preferred shares,” the commission said in an e-mailed statement on Wednesday.
According to the latest timetable submi...
Read moreDec 02, 2021
Published by Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Thursday said it secured the green light of the Securities and Exchange Commission for its primary offering of up to 50 million in perpetual preferred shares.
The company is selling its preferred shares to be classified as class B-2 subseries C or D shares at P50 apiece. Cirtek expects to raise some P2.5 billion from the offering.
The public offer period will run until December 3 and will be listed on the Philippine Stock Exchange on December 14.
Cirtek has been allowed to offer up to 70 million shares, or proceeds ...
Read moreJul 14, 2021
Published By Maria Romero Daily Tribune
Quintel USA Inc., the United States-based unit of Philippine Stock Exchange-listed firm Cirtek Holdings Philippines Corp., has extended a master supply agreement with two telecommunication companies in North America.
In a disclosure, Cirtek said the agreement between Quintel USA and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth-generation (5G) is at an inflection point,” Cirtek said.
It added, “Quintel’s 5G products are pre...
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